Hyperbitcoinization: How Currency Crises Are Driving Nations to Crypto
Disaster capitalism: How inflation and economic crisis are driving nations to cryptocurrencies Go to Source Powered by WPeMatico
Venezuela
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‘No Sign of the Petro Here’: Mystery and Confusion Besets Venezuela’s Crypto ‘Revolution’
An investigative report into Venezuela’s national oil-backed cryptocurrency, the Petro (PTR), has attempted to square government claims with facts on the ground Go to Source Powered by WPeMatico
Iranian National Crypto’s Features Revealed as Official Launch Looms Closer
Iran’s national cryptocurrency will be backed by the country’s fiat currency, the rial, and will be distributed in two phases, first as an interbank token and secondly for retail payments. These are some of the features of the digital currency that were revealed by the Informatics Services Corporation (ISC), an institution that develops banking and … Read more
Venezuela Loves Dash: Altcoin Surges 30% on Adoption Push
News dominating the current cycle is all about bitcoin core (BTC) skipping above the psychological $7,000 price point. However, quietly, determinedly, the altcoin Dash has been besting all comers. It is up double digits in recent days, thanks in part to its proponents’ dogged hustle and commitment to emerging economies such as Venezuela. Also read: … Read more
DOJ Special Agent Empathizes With Bitcoin Adoption in Venezuela
In an interview conducted earlier this month at the Chainxchange blockchain convention, Lilia Infante, a special agent with the U.S. Department of Justice (DOJ) who pioneered the DOJ’s first Cyber Investigative Task Force looking at the use of cryptocurrencies in criminal investigations, recently discussed her views regarding the adoption of virtual currencies. Mrs. Infante expressed … Read more
Venezuela Bolivar Re-Denomination Gets Smartphone App
Hyperinflation has taken off to cartoon proportions in Venezuela, leaving the government to take rather drastic steps in trying to restore confidence in its domestic market. That’s a very heavy, ambitious goal, and so the government ordered banks and exchanges to remove five decimal places in the hope of curbing hyperinflation. And to limit further … Read more
Who Says Man Shall Not Live by Cryptocurrency Alone?
Many people inside the cryptocurrency community spend extended periods of time in front of their computers. When they do take a break and step out into the real world, they often have a hard time explaining what they do. The very words “cryptocurrency” or “blockchain” often provoke ill-concealed smirks or outright guffaws followed by remarks like, … Read more
Experts: Venezuela’s Petro Is a ‘Smokescreen’ Backed by Centralized Debt-Crippled Entity
Venezuela’s national oil-backed cryptocurrency, the Petro, has been scathingly denounced by local experts as an opaque “stunt” backed by a centralized and debt-saddled entity Go to Source Powered by WPeMatico
Dash Core Group CEO: Venezuela ‘2nd Biggest Market’ as Interest in Crypto Spikes
Venezuela turns to Bitcoin and Dash as figures reveal extent of distrust in new fiat currency Go to Source Powered by WPeMatico
A Look at Venezuela’s Other Cryptocurrencies, While the Petro Takes Center Stage
Financially troubled Venezuela, which is introducing the new, denominated, crypto-anchored “sovereign bolivar” this week, is also the birthplace of a number of alternative coins beside the state-issued, oil-backed national cryptocurrency, El Petro. Crisis-hit Venezuelans are actually using some of them in real life, according to the local crypto community. Also read: Coinhive Mints Quarter … Read more